Recent trends in the global new energy & energy storage market

　　Asia Pacific

　　1. RIL will invest 5.95 trillion Indian rupees ($80 billion) in Gujarat to build a 100GW large-scale renewable energy power plant, as well as a green hydrogen ecosystem and other projects. The 100-gigawatt renewable energy project is planned to cover the Kutch, Banaskantha and Dholera regions, and the company said in a memorandum of understanding with the state government that the project is expected to take 10 to 15 years to complete.

　　Reliance Industries Limited to build 100 GW renewable energy power plant in India

　　2. Indian solar joint venture plans to develop 500 MW floating solar project

　　NHPC Ltd and Green Energy Development Corporation of Orissa (GEDCOL) have signed a promoter agreement to form a joint venture (JV) to develop a 500 MW floating solar project in various waters.

　　3. India's NTPC tenders 1GW of solar projects, and another 3GW may be announced in February

　　NTPC tenders 1000MW grid-connected solar project for Interstate Transmission System (ISTS). These projects are ground-mounted photovoltaic systems with a minimum capacity of 50MW and a maximum capacity of 600MW. The contractor must undertake all design, procurement and construction (EPC) work required for project development, while NTPC REL, as the owner, contracted to the on-site BOS Supplier of solar modules. NTPC REL is expected to announce a tender for 3GW of renewable energy projects, including energy storage, in February this year. Currently, NTPC REL has a renewable energy portfolio of approximately 3.85GW, of which 970MW is under construction and 2.88GW of winning projects are in various stages of development.

　　4. India’s Amp Energy commissions 30 MW solar project for Bosch

　　Amp Energy India has built a 30 MW solar power plant for Bosch Limited. The facility is located in the village of Mallat, Raichur district, Karnataka. It is Amp Energy's third open-ended project in the state. PPA) to power its 3 factories in and around Bangalore for 25 years.

　　5. Indian cabinet approves intrastate transmission plan to support 20 GW of renewable energy capacity

　　The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi, has approved the Green Energy Corridor (GEC) Phase 2 plan for the Intrastate Transmission System (InSTS). The plan aims to add approximately 10,750 circuit kilometers of transmission lines and 27,500 megavolt-ampere (MVA) substation capacity with central financial support. The transmission infrastructure created under the plan will facilitate grid integration and power evacuation for approximately 20 GW of renewable energy (RE) power projects in seven states. Beneficiary states include Gujarat, Himachal Pradesh, Karnataka, Kerala, Rajasthan, Tamil Nadu and Uttar Pradesh.

　　6.Lightsource bp to build 520MW agricultural PV project in Australia

　　The Goulburn River solar farm proposal currently involves a 520 MW solar farm (588 MW peak) and a 296 MW/588 MWh battery energy storage system (BESS), which according to lightsource bp will include about 950,000 solar farms The bifacial solar panels, which are expected to generate 992,000 megawatt-hours of electricity annually, enough to meet about 4 percent of the state's electricity needs, are expected to begin construction in mid-2023.

　　7. Woodside Energy plans 500MW solar project in Western Australia

　　In May 2021, Woodside Energy plans to build a utility-scale solar photovoltaic facility near Karratha in Western Australia's north-west to help power the Pluto LNG export facility. In documents recently released by the Western Australian Environmental Protection Agency (WAEPA), it was confirmed that Woodside Energy is targeting a 500MW solar PV facility, including battery storage infrastructure capable of storing up to 400MWh per year . The project is expected to start construction by the end of this year.

　　8. The Columboola Solar Farm project in Australia was successfully connected to the grid

　　According to Powerlink Queensland, the 162MW Columboola Solar Farm has been successfully connected to the transmission network in the West Downs region of Queensland, Australia. Grid connection activities include the construction of a two-kilometre transmission line and the completion of works at the existing Columboola substation, which will help feed the renewable energy generated by the Columboola solar farm to the National Electricity Market (NEM). CS Energy has agreed to purchase 100% of the solar farm's renewable energy generation for the first 10 years of operation.

　　Europe

　　1. Spain’s first utility-scale solar power plant with energy storage comes online

　　Spanish inverter manufacturer and energy storage system provider Ingeteam has connected a 40MW solar power plant to a 3MW/9MWh energy storage system in Spain. The Arañuelo III facility, located in the province of Almaraz in the southern region of Extremadura, was developed and built by Spanish energy company Iberdrola and is part of a photovoltaic complex with a total capacity of 143 MW, the first in Spain Large-scale solar power plants with energy storage.

　　2. Luxcara secures financing for 171 MW solar project

　　German eco-project loan provider UmweltBank AG has committed millions of dollars in financing for the country's largest stand-alone solar PV project, which is currently under construction with a project capacity of more than 171 MW. Expected to come online in the first quarter of 2022, the electricity generated will be sold under a 10-year power purchase agreement (PPA).

　　America

　　1. Chile's 328 MW solar project completed financing

　　Matrix Renewables has completed a long-term financing agreement worth $290 million to support its portfolio of 328 MW distributed solar PV projects in Chile. The projects are part of its previously announced development agreements with Trina Solar and Verano Capital, some of which are under construction or in late-stage development and are already operational.

　　2. MPC Energy raises funds for 21 MW PV project in El Salvador

　　Netherlands-based MPC Energy Solutions (MPCES) has raised funds from local bank Banco Agricola to complete the financial settlement of 21.07 MW of solar capacity in El Salvador. The capacity is planned for the Santa Rosa and Villa Sol projects, which are scheduled to come online in the fourth quarter of 2022, and will be sold to CAESS, a local subsidiary of AES in the United States, under a 20-year power purchase agreement (PPA).

　　3. Swift Current Energy to source 1.2 GW of solar modules from First Solar

　　First Solar has secured a 1.2 GW solar module order from Swift Current Energy, which will be delivered in full in 2023 and 2024. The U.S. module maker aims to reach 16 gigawatts of its module capacity by 2024. It is currently building 3.3 GW of capacity in Ohio, its third fab in the U.S., and has already built fabs in Ohio, Vietnam and Malaysia, which are expected to come online in the first half of 2023. First Solar is also building a 3.3 GW fab in India, which is scheduled to start production in the second half of 2023.

　　Middle East Africa

　　Dubai's 217 MW solar project progressing well

　　ACWA Power, a Saudi Arabian renewable energy company, said it has received a certificate of commercial operation for the Photovoltaic Phase 1 (PVFD1) of the 217 MW Noor Energy 1 solar power project in Dubai, UAE. The Noor Energy 1 project is the fourth phase of the Dubai Electricity and Water Authority (DEWA) MBR Solar Park, which includes a 700 MW concentrated solar power (CSP) plant and 250 MW of solar PV capacity. ACWA Power and Shanghai Electric are also working with Gulf Investment Corporation (GIC) on the fifth phase of the MBR solar park with 900 MW of PV capacity.

　　SES Power believes that although the epidemic and fluctuations in the global economy will have a certain impact on the application of new energy, the desire for energy and the setting of low-carbon goals by governments in various countries have made new energy such as photovoltaics, energy storage systems, and lithium batteries. , inverter and other industries are full of huge development opportunities, which is why SES Power has insisted on focusing on lithium battery products and supporting new energy peripheral products for more than ten years.